Gemini, a cryptocurrency exchange, has agreed to pay back over $1 billion to customers as part of a settlement with NYDFS. The company will return funds to customers affected by the Earn program, totaling more than $1.1 billion. Additionally, Gemini will allocate $40 million to Genesis for bankruptcy proceedings and pay a $37 million fine to NYDFS.
Potential Full #Crypto Asset Recovery for Gemini Earn Users Announced https://t.co/jT66awNmIM
Coin-for-Coin Payback — Gemini Announces Full Recovery of #Crypto Assets for Earn Users After Genesis Settlement https://t.co/jT66awNmIM
Winklevoss twins' crypto exchange Gemini to return $1.1B to customers https://t.co/TbppgXBMq8 https://t.co/tIp8K7DvW3
GEMINI TO PAY OVER $1B TO EARN CUSTOMERS Gemini reached a settlement with NYDFS and will return 100% of Earn customers’ locked up funds, which total over $1.1B. As part of the deal, Gemini will allocate $40M to Genesis for bankruptcy proceedings and pay $37M to NYDFS.… https://t.co/14VOJQr1wq
Crypto exchange Gemini to pay US$1.1 billion back to customers https://t.co/xkgMxO2CQz
Winklevoss twins’ Gemini to return $1.1B to customers caught in doomed ‘Earn’ product fiasco https://t.co/57lSDnK5wN https://t.co/2ZDclXVh3Y
Crypto firm Gemini to pay over $1 billion back to customers in settlement https://t.co/XWagMFXDi9
US crypto exchange Gemini will return at least $1.1bn to customers of its defunct Earn lending programme. Customers have not been able to access their funds since late 2022. https://t.co/lwz0jr2Ri7
Gemini to return $1.8bn of crypto lost in Genesis collapse in ‘win for customers’ https://t.co/4zISInxCaI
Binance, the world’s largest cryptocurrency exchange, says it has recovered $4.4 billion worth of digital assets for its users who mishandled their deposits in the past two years https://t.co/t5ZhkUWoop
Winklevoss-led Gemini agrees to return over $1 billion to customers in deal with NY regulator that includes $37 million fine. https://t.co/bdCiRVjsCG
Gemini asked to pay more than $1bn to crypto customers https://t.co/lwz0jr2Ri7
#Crypto Company Gemini Commits to $1 Billion Customer Payback in NYDFS Consent Order https://t.co/r6vA5yiAko